Evoke Wealth LLC Buys 164 Shares of S&P Global Inc. (NYSE:SPGI)

Evoke Wealth LLC raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,380 shares of the business services provider’s stock after buying an additional 164 shares during the period. Evoke Wealth LLC’s holdings in S&P Global were worth $2,181,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SPGI. Wellington Management Group LLP increased its position in shares of S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. Geode Capital Management LLC increased its position in shares of S&P Global by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after acquiring an additional 113,146 shares during the period. FMR LLC lifted its holdings in S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in S&P Global by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock valued at $1,401,909,000 after buying an additional 28,458 shares in the last quarter. Finally, Amundi lifted its holdings in S&P Global by 6.6% in the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock valued at $1,162,979,000 after purchasing an additional 145,434 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SPGI shares. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective for the company. BMO Capital Markets lifted their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. UBS Group boosted their price target on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company increased their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Trading Up 1.6 %

Shares of NYSE SPGI opened at $494.38 on Tuesday. The company has a market cap of $152.17 billion, a price-to-earnings ratio of 40.03, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The stock’s 50 day simple moving average is $513.56 and its 200 day simple moving average is $510.89. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the firm posted $3.13 EPS. Equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.78%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.